Income Tax – Schedule C Small Business Sole Proprietor
4.4 (79 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,420 students enrolled

Income Tax – Schedule C Small Business Sole Proprietor

Small business, schedule C income tax preparation using actual tax forms for examples including form 1040, Schedule SE
Bestseller
4.4 (79 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,420 students enrolled
Last updated 3/2019
English
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Current price: $129.99 Original price: $199.99 Discount: 35% off
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This course includes
  • 9.5 hours on-demand video
  • 1 article
  • 60 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • What It Means to Be Self-Employed
  • How to Report Self Employment Income
  • Filing and Paying Business Taxes
  • Identification Numbers Including EIN Number
  • Self-Employment (SE) Tax
  • Employment Taxes
  • Accounting Periods and Methods
  • Business Income & Expenses
  • How To Figure Cost of Goods Sold
  • Car and Truck Expenses
  • Depreciation Expense
  • Employees' Pay Expense
  • Insurance Expense
  • Interest Expense
  • Legal and Professional Fees Expense
  • Rent Expense
  • Pension Plans Expense
  • Taxes Expense
  • Travel and Meals Expense
  • Business Use of Your Home
  • Other Expenses You Can Deduct
Requirements
  • Some understanding of US income tax law
Description

Small business income taxes generally reported on schedule C course including examples using actual tax forms to understand income tax concepts better.

We will discuss who is required to file a schedule C for small business income and who is self-employed.

The course will discuss new tax changes for 2018 related to small businesses.

We will discuss what self-employment tax is, how to calculate it, and how to report it.

The course will cover which tax forms a self-employed business will generally need to file and how the forms are related to each other, using actual tax forms as an example.

We will discuss different accounting methods and periods including the cash method and the accrual method and when the tax code may require one method versus another as well as when the tax code requires a deviation from the accounting method used.

The course will discuss what is included in business income and the types of business income.

We will discuss the components of cost of goods sold, how to calculate cost of goods sold, and look over the tax forms related to the cost of goods sold calculation.

The course will discuss many common business expenses. Including

· Car and truck deduction

· Depreciation deduction

· Employees’ pay deduction

· Insurance deduction

· Interest deduction

· Legal and professional fees deduction

· Pension plans deduction

· Rent deduction

· Taxes deduction

· Travel and meals deduction

· Business use of your home

· Other Expenses you can deduct


Who this course is for:
  • Anybody who wants to save on taxes & has a small business
  • Tax professionals
Course content
Expand all 125 lectures 09:26:26
+ Introduction
5 lectures 34:23
Documents to Download for Reference
00:01
318 Sch. C Data Entry
17:10
Accounting Comic Break
00:14
+ Are Your Self-Employed?
4 lectures 20:31
321 Are You Self-Employed
14:35
PDF - 324 Business Owned and Operated by Spouses
00:08
324 Business Owned and Operated by Spouses
05:34
Accounting Comic Break
00:14
+ What's New for 2018
3 lectures 15:36
PDF - 327 What's New for 2018
00:08
327 What's New for 2018
15:15
Accounting Comic Break
00:13
+ Identification Numbers
3 lectures 10:47
PDF - 331 Identification Number
00:08
331 Identification Number
10:24
Accounting Comic Break
00:15
+ Self-Employment (SE) Tax
3 lectures 15:03
PDF - 334 Self-Employment (SE) Tax
00:08
334 Self-Employment (SE) Tax
14:42
Accounting Comic Break
00:13
+ Which Forms Must I File?
3 lectures 07:30
PDF - 337 Which Forms Must I File
00:08
337 Which Forms Must I File
07:09
Accounting Comic Break
00:13
+ Employment Taxes
3 lectures 08:33
PDF - 341 Employment Taxes
00:08
341 Employment Taxes
08:12
Accounting Comic Break
00:13
+ Accounting Periods and Methods
13 lectures 01:04:31
PDF - 344 Accounting Periods and Methods Introduction
00:08
344 Accounting Periods and Methods Introduction
08:27
PDF - 347 Accounting Methods Cash Method
00:08
347 Accounting Methods Cash Method
16:37
PDF - 351 Accounting Methods Accrual Method
00:08
351 Accounting Methods Accrual Method
20:05
PDF - 355 Accounting Methods Combination Method
00:08
355 Accounting Methods Combination Method
03:27
PDF - 358 Accounting Methods Inventories
00:08
358 Accounting Methods Inventories
12:11
PDF - 361 Change in Accounting Method
00:08
361 Change in Accounting Method
02:43
Accounting Comic Break
00:13
+ Business Income
13 lectures 55:07
PDF - 364 Business Income Introduction
00:08
364 Business Income Introduction
12:23
PDF - 367 Business Income Kinds of Income
00:08
367 Business Income Kinds of Income
02:12
PDF - 371 Business Income - Kinds of Income Bartering for Property or Services
00:08
371 Business Income - Kinds of Income Bartering for Property or Services
09:59
PDF - 374 Real Estate Rents
00:08
374 Real Estate Rents
09:01
PDF - 377 Personal Property Rents
00:08
377 Personal Property Rents
07:35
PDF - 381 Items That Are Not Income
00:08
381 Items That Are Not Income
12:57
Accounting Comic Break
00:12
+ Guidelines for Selected Occupations
5 lectures 21:48
PDF - 384 Guidelines for Selected Occupations
00:08
384 Guidelines for Selected Occupations
13:25
PDF - 387 Accounting for Your Income
00:08
387 Accounting for Your Income
07:54
Accounting Comic Break
00:13